History
In 1974, John E. “Chip” Akridge, III founded the organization that bears his name with a plan to create a Washington-based commercial real estate leader. The firm has developed millions of square feet since, earning numerous awards, setting ground-breaking precedents, and generating important results for our Clients and investors. To see some highlights of Akridge’s accomplishments over the past four decades, drag the pointer along the timeline below.
1974
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2011
1974
  • John E. (Chip) Akridge, III founds the company.
1976
  • Akridge's first development project at 1627 K Street is completed.
  • Property Management department is formed to provide outstanding service to building Clients.
1978
  • In developing 1015 Fifteenth Street, Akridge becomes the first developer to use the “Woodies Act” regulating air rights development.
1981
  • Akridge's first fee development, a new headquarters for the YWCA at 624 Ninth Street, is completed.
1982
  • Akridge delivers 919 Eighteenth Street.
1983
  • 1401 New York Avenue is developed and first third-party property management contract for the National Food Processors Association commences.
1984
  • One-millionth square foot of space is devleoped while working on 1667 K Street.
1985
  • Akridge delivers 1133 Twentieth Street.
1986
  • Akridge creates "housing linkage program" with the District of Columbia, allowing the transfer of housing requirements and development of affordable housing units in disadvantaged areas of the city.
1987
  • Akridge becomes the first property management company to offer full-service concierge service to office building Clients.
  • Akridge develops 1550 M Street, NW for the American Chemical Society.
1989
  • Akridge becomes the first property management company to offer annual indoor air quality testing in office buildings.
  • The Svatos Company is formed as an Akridge subsidiary, focused on development in suburban jurisdictions.
1990
  • The Homer Building, Akridge's first historic renovation project, is completed.
1991
  • Akridge wins first international The Office Building of the Year (TOBY) Award from BOMA.
  • Akridge develops 1310 G Street.
1992
  • First repositioning project is completed at 815 Connecticut Avenue.
1993
  • Akridge completes fee development of Comsat headquarters at 6550 Rock Spring Drive.
1994
  • Akridge Leasing Department is formed.
1995
  • Akridge receives Inc. Magazine/MCI Positive Performer Award for innovative and superior customer service.
1996
  • Akridge becomes first developer to successfully use the DC Tax Increment Financing Program.
  • 2800 Eisenhower Avenue is acquired as Akridge’s first suburban rehabilitation project.
1997
  • Akridge subsidiary, TSC Realty, is formed to provide suburban brokerage services.
1998
  • Akridge's first Virginia developments are completed at Monument One and Presidents Park in Herndon and at Corporate Pointe Two, Three, and Four in Chantilly.
  • Akridge completes renovation and repositioning of 1307 New York Avenue.
1999
  • Akridge receives first of 11 National Customer Satisfaction Awards from CEL & Associates/BOMA for companies of our size.
2000
  • Matt Klein becomes President.
  • Akridge completes renovation of the historic Victor Building, which is sold to the Smithsonian Institution.
2002
  • Construction begins on Gallery Place – first urban living, working, shopping, dining, and entertainment destination project.
  • The U.S. General Services Administration (GSA) accepts Akridge’s bid for the 15-acre air rights development parcel behind Union Station and plans begin for Burnham Place.
2003
  • The Hartford is completed in Arlington, Virginia – Akridge's first development to incorporate a residential component.
2004
  • Akridge wins the "Best SmartGrowth Master Plan" award from the MD/DC chapter of the National Association of Industrial and Office Properties for Burnham Place.
  • Gallery Place is open for business.
2006
  • Akridge closes on the Burnham Place air rights parcel.
2007
  • Construction begins at 700 Sixth Street, NW.
2008
  • The Akridge Office Fund acquires Half Street, a two-acre property adjacent to Nationals Ballpark in southeast DC.
2009
  • Akridge is selected to develop new Banner Life Insurance headquarters in Urbana Corporate Center, as well as new DC Evidence Warehouse in southwest Washington.
  • Akridge completes first Bethesda acquisition, The Fairmont Building, at 7735 Old Georgetown Road.
  • 700 Sixth Street becomes Akridge's first LEED Platinum certified development.
2010
  • Akridge and Rockwood Capital acquire 7550 Wisconsin Avenue in Bethesda through an online GSA auction.
2011
  • Akridge and First Potomac Realty Trust partner to purchase 1200 Seventeenth Street, NW.
Case Studies
What Our Clients Say
"CGD would like to express our thanks to you and your team for the way you handled yesterday's outage. We've had the insight of dealing with property management in several DC area properties, and this is by far the best managed building we've encountered. Thanks again."
Luke Easley
Finance and HR Manager, Center for Global Development
1800 Massachusetts Avenue, NW